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<p>[QUOTE=&quot;dougsmit, post: 2529562, member: 19463&quot;]In this and many cases, 8% is more than reasonable but there is one really big problem I see differently from most in the business.&nbsp; Coins have a market value in the minds of those who have them and those who want them.&nbsp; Sometimes we see a coin sold at auction to a dealer who immediately sells it for a profit (large or small) to another dealer who knows a buyer/investor who consigns the coin to another auction where it is expected to sell for enough to provide him a profit even after paying the auction house for their services not to mention multiple mailings and perhaps a slab fee.&nbsp; A few generations in rapid sequence will add enough fair profits (8% to one dealer, 20% buyer&#039;s fee, $25 postage etc.) that the coin simply is not worth buying.&nbsp; That will put someone into the position of deciding to take a loss now to free up cash and sitting on it for 5 or 50 years until expected inflation catches up with what we have in the coin (by then, buyer&#039;s fees will be 50% and postage $50 but that is another story). </p><p><br /></p><p>I reject the concept that everyone is entitled to a profit be it, 8% or 80%, on a purchase just because they made it.&nbsp; The trick is to look at a situation and decide which ones are moving up with room for our level in the marketing scheme and which ones are ready to produce someone a loss to offset things like postage, utilities and mistakes along the way.&nbsp; Dealers are in business to make sure the one who realizes this loss is the collector or his family.&nbsp; They have to offer to buy for less than market.&nbsp;&nbsp; The ones who are not able to do this can only rely on inflation to avoid being the one without a chair when the music stops.[/QUOTE]</p><p><br /></p>

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